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The central bank is planning to sweep the bulging stressed assets under the rug when it publishes its annual financial stability report in April such that it can paint a rosy picture of the banking sector.
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The central bank has given the go-ahead to set up a new non-bank financial institution (NBFI) in its last board meeting -- a move that has stumped experts and industry insiders given the poorly state of sector.
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Trade deficit narrowed 79.51 percent in November to $1.06 billion from the previous month on the back of sliding imports -- a worrying development as it suggests of sluggishness of the economy.
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Businesses and bankers often blame political instability for sliding private sector credit growth. But it was calm as the smoothest waters on the political front last year after the polls on December 30, 2018 and yet the slide did not stop.
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Interest waiver against bad loans more than doubled to Tk 858 crore in the first nine months of 2019 -- an indication of the desperation of banks to bring down their default loans by any means.
